Falklands : Falkland Wool Growers Report for Week Ending 02/03/06)
Submitted by Falkland Islands News Network (Juanita Brock) 03.02.2006 (Article Archived on 17.02.2006)
Robert Hall tells us how the wool market did this week.
Falkland Wool Growers Ltd
Craiglearan, Moniaive
Thornhill, Dumfriesshire DG3 4JD
Tel: 01848 200 497 Fax: 01848 200 489
Email: roberthall@falklandwoolgrowers.co.uk
Registered in Scotland No: 176228
VAT Reg No: 699 5128 75
WOOL REPORT: for the week ending Friday 3rd February 2006
Auctions
Starting the week at 691 A cents, the Australian Eastern Market Indicator (EMI) gained one cent on Tuesday, and on Wednesday it added another seven cents. On Thursday the EMI recovered another five cents and in so doing it broke through the 700 cents level. The EMI thus closed the week up 13 cents (1.88%) at 704 A cents. Greatest gains were for wool finer than 21 microns. This took the EMI to its highest level since August 2005, although still a cent below the lowest level of the 2004/2005 season.
This week in New Zealand, the Merino Indicator that was again not quoted, whilst the Mid-micron Indicator that was up 7 cents on the week to 563 NZ cents. The Fine Crossbred Indicator (33-35µ) lost a cent on the week to 355 NZ cents and the Coarse Crossbred Indicator (35.1+µ) gained four cents on the week to 319 cents. The Lamb Indicator recovered two cents this week to close at 339 NZ cents. There was a 92% clearance of 21,502 bales offered.
In South Africa the Cape Wools Overall Merino Indicator started the week at 2,382 SA cents per kg clean and gained 4.7% to close at 2,493 SA cents per kg clean. 94% of the offering was sold.
Currencies
Towards the end of the week, the Australian dollar was trading at A$2.35/Ł whilst the New Zealand dollar was stronger at 2.58 NZ cents/Ł.
FWG Agency
Many thanks for all the bale specifications received recently. If you have wool being shipped shortly, please send bale specifications, if you have not already done so.
We have received widespread interest and enquiry across the micron range, with demand both for fleece and oddment wool.
With Regards, Robert
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